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Asian stocks drop after Fed warning, oil dips with Mideast in focus
Asian stocks drop after Fed warning, oil dips with Mideast in focus
Economy
by  AFP

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. Still, with no concrete signs of escalation, oil prices edged down after another volatile day on Wednesday.

Bolivia risks debt default without new funding: president to AFP
Bolivia risks debt default without new funding: president to AFP
Economy
by  AFP

Bolivia, battling an economic crisis that has plunged it into social unrest, risks defaulting on its loan payments if it does not obtain new foreign financing, President Luis Arce told AFP on Wednesday. Arce has dismissed calls to stand down over an economic crisis marked by a dire shortage of foreign currency, fuel and other basics.